Head of Regulatory Change - Global Investment Bank - Interim to Permanent role - Up to £900 / day -

Our client is an established global investment banking business with a positive working culture, being known for excellent staff retention and career development. Their Regulatory Reporting and Control function is looking to hire a Head of Regulatory Change to lead a small team of experienced Business Analysts and Project Managers and delegate their responsibility of matters of Change, Assurance, Control and Accountability of Regulatory Reporting.

The incumbent will be required to:

• Programme manage end-to-end regulatory change with strong collaboration with finance IT and respective finance teams.
• Ensure existing applications complies with regulatory requirements.
• Monitor the regulatory horizon, develop product roadmaps, definitions and operating models by engaging with external and internal SME’s.
• Develop stakeholder engagement plans to obtain ‘buy-in’ from respective teams.
• Operate within area of high ambiguity, providing clarity and strong documentation.
• Effectively manage prudential regulatory reporting Change Backlog, which includes creating and clearly communicating backlog items.
• Fully leverage any regulatory quantitative, qualitative analysis, systems and controls to drive process enhancement and more effective delivery across the business.

Profile Criteria:

1. Ideally is fully-qualified (ACA/ACCA/CIMA) with experience from the banking sector.
2. Strong experience with and knowledge of Axiom (this is their system), which is essential.
3. Strong knowledge of all the various regulatory returns that an investment banking business need to produce and submit (i.e., COREP, BoE, FINREP, etc.).
4. Experienced man-manager who is technically confident but also possesses have good leadership and management skills to lead an experienced team of BA’s and PM’s (essential)
5. Hands-on BA approach with good project management skills.

The incumbent is responsible for driving and maintaining activities to ensure quality in the processes and reporting of the team by using their knowledge of the prudential regulatory framework to critically appraise processes to consistently ensure compliance. This could include implementing an assurance and control system that is assessed of its adequacy and may include periodic conformance audits of the operations of the systems, processes and outputs and the driving or delivering of enhancements in the control environment.

The incumbent will collaborate with the Regulatory Policy and Reporting teams, Finance IT and Change and will champion a culture of transparency, inspection and adaption to quickly create a minimum viable product (i.e., test, learn what works, and iterate until it meets the requirements).

Skills and Experience Required:

• • Managing/working in a strong team delivery on regulatory compliance programme/projects.
  • Finance qualification (ACA/CIMA/ACCA/CFA) will be beneficial to this role because of the focus on creating a strong control environment.
  • Use of Regulatory Reporting software (Axiom), understanding system requirements and related mappings.
  • Experience with preparing COREP (calculation and reporting), ICAAP, Pillar 3 and BoE statistical reporting in order to understand Business User requirements
  • Extensive experience working in a reporting or control environment and experience of regulatory reporting requirements.
  • Knowledge of Capital Markets products notably: cash securities, repos and derivatives along with a strong commercial acumen, knowledge and understanding of financial services / banking processes.
  • Strong understanding of regulatory rules Basel III, UK Basel 3.1, CRD V, CRD VI, CRR and IFR.
  • Accounting/Finance Degree / MBA or equivalent.
  • Extensive experience in Finance within a global financial institution.
  • Excel and Access Database experience in analysing, developing and enhancing EUC environments.
  • Understanding of the Controls & Governance framework.